(Reuters) -New York Stock Exchange-parent Intercontinental Exchange said on Monday it would dual list on NYSE Texas, adding to a string of listings on the bourse as it looks to get ahead of competition. NYSE Texas officially opened for business in March, offering a new listing and trading venue for companies attracted to Texas’ pro-business […]
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NYSE-parent Intercontinental Exchange to dual list on NYSE Texas
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(Reuters) -New York Stock Exchange-parent Intercontinental Exchange said on Monday it would dual list on NYSE Texas, adding to a string of listings on the bourse as it looks to get ahead of competition.
NYSE Texas officially opened for business in March, offering a new listing and trading venue for companies attracted to Texas’ pro-business landscape.
In the first three months, 10 companies, including oilfield service company Halliburton, Truth Social-parent Trump Media & Technology Group and recruitment firm Orion Group, have dual listed on the Dallas-based exchange, according to ICE.
NYSE President Lynn Martin said earlier this month NYSE Texas had another double-digit dual listing lined up, adding that the conversations with companies were “incredibly positive”.
Texas is fast emerging as a major financial hub rivaling New York as the Lone Star State looks to lure corporate issuers with its pro-business policies and lower taxes.
TXSE Group, backed by Wall Street giants BlackRock and Citadel Securities, last year announced plans to launch the Texas Stock Exchange, in a bid to disrupt the New York-dominated U.S. capital markets.
The exchange plans to launch trading in early 2026, with listings anticipated by the end of the same year.
Texas is also home to the largest number of companies listed on the NYSE.
ICE said it would maintain its primary listing on the NYSE. Its dual listing on NYSE Texas will be effective June 17.
(Reporting by Arasu Kannagi Basil in Bengaluru; Editing by Shilpi Majumdar)